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Do Kwon – the nefarious founder of the now failed stable coin company Terraform Labs – will spend the next four months behind bars in Montenegro after he was detained at one of the nation's airports with forged documents and phony passports.
A LUNC bounce to the $0.000084 level seemed unlikely, but could also present an ideal trading opportunity.
Stablecoin issuer Terraform Labs' motion to dismiss a lawsuit from the U.S. Securities and Exchange Commission (SEC) was denied by a federal judge on Monday. The judge also said he rejected the use of a ruling from Judge Analisa Torres who ruled that Ripple did not violate securities law in selling XRP to retail investors through an exchange intermediary.
Terra Rebels developer group and its spinoff Hexxagon want to clear the air and move forward with strengthening the Terra Luna Classic community and continue building on the chain. Terra Luna Classic core developer Joint L1 Task Force (L1TF) recent partnership with Hexxaon for building and managing a community-owned wallet caused renewed FUD in the
The Terra Classic community has been fervently focused on revitalizing the USTC stablecoin, with several revival plans put forth by different members. The latest proposal, submitted by community member Afzal, has garnered significant attention and sparked discussions within the community.
LUNC's community has worked continually towards reviving the ecosystem's native LUNC token. However, recent data from this artificial intelligence (AI) algorithm suggests these efforts might not be enough.
The judge overseeing the FTX bankruptcy case granted Terraform Labs permission to request relevant information from the exchange as part of their defense against the U.S. Securities and Exchange Commission (SEC) allegations.
Leading cryptocurrency trading platform Binance has recently burned a substantial 1.4 billion tokens of the Terra Classic ecosystem ($LUNC) during its twelfth burning batch, effectively removing a large number of tokens from circulation.
On July 31, a U.S. judge overseeing the case denied Terraform Labs' motion to dismiss a lawsuit filed by the United States Securities and Exchange Commission (SEC). The lawsuit, filed on February 16, accuses Terraform Labs and its founder, Do Kwon, of orchestrating a multi-billion dollar crypto asset securities fraud.
Terra Luna Classic (LUNC), a prominent cryptocurrency project, has been making exciting developments in its governance and decentralization efforts. The Joint L1 Task Force (L1TF), a core developer group, recently obtained admin access to the Commonwealth forum, a crucial step in enhancing community participation and ownership within the ecosystem.
For over a week, the LUNC coin price has been hovering above the multi-month support of $0.00000792 and $0.00000784. Amid the increasing selling pressure in the crypto market, buyers are struggling to rebound to higher levels indicating a weakness in bullish momentum.
In a resounding display of support for the Terra Classic community, Binance, the world's leading cryptocurrency exchange, has once again reinforced its commitment by conducting a substantial token burn event. This strategic move aims to reduce the total supply of LUNC tokens and bolster the Terra Classic ecosystem.
As indicated in a recent update, Binance burned a whopping 1.4 billion LUNC in its latest batch of burns.
LUNC News: Terra Luna Classic core developer Joint L1 Task Force (L1TF) has received admin access to the Commonwealth forum from professor Edward Kim, a most trusted member of the community. With a proposal to improve governance and decentralization submitted by validator Happy Catty Crypto officially passed, the admin access is transferred to L1TF until
Although the price of Terra Classic (LUNC) briefly skyrocketed after Binance announced its support for the Terra network upgrade, it has been recording declines in recent days, and machine algorithms do not predict things to get any better by the end of August.
ETH was back in the red this morning. The Terraform Labs case delivers investors another curveball to contend with as the SEC targets more platforms.
Terraform Labs has recently come under scrutiny regarding its crypto holdings. On-chain analysis by Arkham Intelligence suggests that they may possess over $159 million worth of cryptocurrency, contradicting their previous statements.
After modest gains on Tuesday, XRP was back in the red this morning. The number of headwinds are rising as SEC appeal uncertainty lingers.
The judge in the FTX bankruptcy proceedings is permitting Terraform Labs to subpoena relevant information from the exchange in its ongoing case against the U.S. Securities and Exchange Commission (SEC). According to Judge John Dorsey's filing on July 31st, Terraform Labs can issue subpoenas to FTX Trading and FTX.
Judge John Dorsey from the U.S. Bankruptcy Court has sanctioned Terraform Labs' request to subpoena vital documents, potentially aiding its defense against fraud charges made by the SEC in the ongoing FTX bankruptcy case. District of Delaware's U.S.
The crypto industry has been in high spirits after a federal judge ruled that programmatic sales of Ripple's XRP token are not classified as securities. A dueling opinion from a different federal judge issued Monday however may burst crypto fans' bubble.
On July 31, federal judge Jed Rakoff denied Terraform Labs' motion to dismiss the SEC's lawsuit against their company and founder, Do Kwon. He refused to apply the logic from the recent ruling in favor of Ripple Labs, which determined that Ripple's XRP sales did not violate federal securities laws because the sales were made to institutional investors and not to the general public.
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Oliver Linch, CEO and general counsel of Bittrex Global, weighs in on Worldcoin's launch sparking privacy concerns in Europe.
Terraform Labs could be holding more than $159 million worth of crypto despite previous claims to the contrary, according to new on-chain sleuthing performed for Arkham Intelligence. The sleuthing, executed by the pseudonymous on-chain analyst ErgoBTC and another anonymous on-chain researcher, was incentivized by a bounty of 9519.263 Arkham's newly launched native token (ARKM).
